Taking Stock: Sensex up 383 points, Nifty above 18,250; mid, smallcaps outshine

Taking Stock: Sensex up 383 points, Nifty above 18,250; mid, smallcaps outshine

After 5 straight sessions of losses, broader indices outperform the benchmarks. BSE midcap and smallcaps rise more than 1.5 percent each





October 26, 2021 / 04:48 PM IST





The market extended the previous day's gains to rise 0.5 percent on October 26, supported by the auto, realty, metal, oil & gas stocks. At close, the Sensex was up 383.21 points, or 0.63 percent, at 61,350.26, and the Nifty was up 143 points, or 0.79 percent, at 18,268.40.

The markets managed to end higher in a volatile trading session on firm global cues. “Upbeat earnings announcements from the US markets set the tone in the beginning, however, choppiness in the index majors, especially from the banking pack, in the middle kept the participants on their toes," said Ajit Mishra, VP-Research, Religare Broking.

The Nifty ended higher by 0.8 percent at 18,268. Most sectoral indices traded in sync with the benchmark to close in the green, he said.

"The broader indices also witnessed a breather after five days of slide and posted decent gains," Mishra added.

The broader indices outperformed the benchmarks, with BSE midcap and smallcap rising over 1.5 percent each.

Tata Motors, Tata Steel, SBI Life Insurance, Titan Company and